PLEDGE

A pledge, to be valid, must be clearly described on a ...

• Private instrument

• Check

• Public instrument

• TCT

The pledgor can sell a thing pledged with the ___ of the pledgee.

• Knowledge

• Consent

• Email

• None of the above

An instrument, to be considered public, must be administered by a...

• Judge

• Executor

• Priest

• Notary Public

The pledgor or mortgagor must be the ___ owner of the thing pledged or mortgaged.

• Absolute

• Conditional

• Registered

• Two of the above

An appropriation by the creditor of the thing pledged is ___.

• Valid, if consented to

• Conditional

• Null and void

• Enforceable

Excluded from chattel mortgage

• Motor vehicles

• Vessels

• Buildings

• Machinery attached to real property

The property is security for a debt.

• Voluntary

• Equitable

• Legal

• Conventional

If the thing pledged is returned by the pledgee to the pledgor, the pledge is...

• Suspended

• Extended

• Terminated

• None of the above

A pledgee who abandons the pledge becomes a ___ while in custody of the thing pledged.

• Depository

• Lessee

• Owner

• None of the above

When the ___ of the thing pledged requires its use, it must be used by the creditor for that purpose.

• Lease

• Deposit

• Preservation

• Extinguishment